Cream Minerals Ltd. is pleased to announce that the Company’s Audited Consolidated Financial Statements for the year ended March 31, 2012 were received and considered at its Annual General Meeting held on December 13, 2012.
Riverside Resources Inc. is pleased to announce that Riverside and its partner, Cliffs Natural Resources, have commenced drilling at the Naranjo project located in Jalisco, Mexico. The planned five-hole, 1,400 metre reverse-circulation drill program is now underway. The Naranjo project is the second project to be drilled under the Iron Oxide Copper Gold (IOCG) Strategic Alliance between Riverside and Cliffs.
AuRico Gold Inc. announces that following its receipt of gross proceeds of $750 million relating to the recent sale of the Ocampo mine, the Board of Directors has authorized the making of a substantial issuer bid, pursuant to which the Company will offer to purchase for cancellation up to 36,144,578 of its outstanding common shares for an aggregate purchase price not exceeding $300 million. AuRico anticipates that the Offer will commence on or about December 18, 2012 and be completed in late January 2013, unless extended or withdrawn. The Company intends to fund purchases of Shares pursuant to the Offer from the Ocampo proceeds and has used $128 million of the proceeds to retire its existing debt facility.
Quaterra Resources Inc. today announced that it is seeking TSX Venture Exchange and NYSE MKT approval for a non-brokered private placement offering of up to US $2,275,000 gross proceeds.
McEwen Mining Inc. is pleased to announce that it has strengthened its operations team with the recent hiring of Fernando Aguilar, as Operations Manager (Mexico), Luke Willis, as Director Resource Modeling and Nigel Fung, as Director Mine Planning.
Levon’s management has been working hard to meet the challenges which face our industry, while continuing to ensure that the Company remains in a strong financial position. We have continued to work on de-risking the Cordero project to position it for success going forward. As with all large projects there are challenges along the way, but Levon is meeting them and advancing Cordero.
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